Core Insights - AmpliTech Group, Inc. has achieved a record backlog of $19.8 million, all deliverable in Fiscal Year 2025, following a significant $2 million purchase order for Low Noise Amplifiers from a U.S. Fortune 500 company [1][2][3] Company Performance - The recent $2 million orders represent the highest value purchase order in the company's history and mark the most prolific four-month order period, contributing to a total backlog nearing $20 million [2][3] - The CEO highlighted that the strong growth momentum and record backlog validate the company's proprietary technology and strategic focus on delivering high-performance solutions [3] Product Development - AmpliTech Group is expanding its product portfolio to include next-generation Low Noise Amplifiers (LNAs), Low-Noise Block Downconverters (LNBs), Monolithic Microwave Integrated Circuits (MMICs), and ORAN 5G systems, which are becoming key to sales success [3] - The company emphasizes its commitment to innovation and advanced product development as part of its five-year growth plan [3] Market Position - AmpliTech Group serves various global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, positioning itself as a leader in advanced signal processing components [4]

Core Viewpoint - AmpliTech Group, Inc. has achieved REACH and RoHS certification for its 5G ORAN Low Power and Mid Power radios, highlighting its commitment to environmental responsibility and regulatory compliance in international markets [1][2][3]. Group 1: Certifications and Compliance - The REACH and RoHS certifications ensure that AmpliTech's products are free from harmful substances and comply with European Union environmental regulations [2]. - Achieving these certifications allows AmpliTech to expand its global footprint and demonstrate its commitment to sustainability and product quality [3][4]. Group 2: Market Impact and Customer Confidence - The certifications enhance customer confidence in the safety and quality of AmpliTech's products, aligning with the growing demand for eco-conscious technology [5]. - With these certifications, AmpliTech's 5G radios are positioned to access key global markets more smoothly, providing a competitive edge in the telecommunications sector [4][5]. Group 3: Product Significance - AmpliTech's 5G ORAN radios are crucial for the deployment of 5G networks, designed to deliver improved coverage, efficiency, and performance while supporting Open RAN architecture [7][6]. - The company anticipates receiving FCC certification for these radios, which will enable deployments in the USA [3].

Core Insights - AmpliTech Group, Inc. has received record Purchase Orders valued at approximately US$11 million, part of a multi-year Letter of Intent (LOI) from a Tier 1 Mobile Network Operator in North America, reinforcing its position in the ORAN 5G market [1][3][4] - The company has signed LOIs totaling over US$100 million with two leading ORAN 5G telecom customers, with approximately US$12 million in firm purchase orders expected to be delivered within FY2025 [2][4] Company Developments - CEO Fawad Maqbool highlighted that the recent orders affirm the commercial readiness of AmpliTech's 5G ORAN radios and signify the company's emergence as a frontrunner in the global ORAN 5G marketplace [3][4] - The back-to-back agreements are seen as a significant turning point for AmpliTech, as they aim to expand their presence in the next-generation 5G ORAN telecom landscape [3][4] - COO Jorge Flores emphasized that these achievements lay the foundation for transformative growth and validate AmpliTech's 5G ORAN technology through orders from a leading MNO [4] Industry Context - AmpliTech Group operates in the advanced signal processing components sector for satellite, public and private 5G, and other communications networks, indicating a strong commitment to technology and innovation [6]

Core Insights - AmpliTech Group has secured record purchase orders totaling approximately US$11 million as part of a multi-year Letter of Intent (LOI) from a Tier 1 Mobile Network Operator in North America, reinforcing its position in the ORAN 5G market [1][3][4] - The company has now signed LOIs exceeding US$100 million with two leading ORAN 5G telecom customers, with about US$12 million in firm purchase orders expected to be delivered within FY2025 [2][4] Group 1 - The recent LOI signifies a milestone for AmpliTech, showcasing the commercial readiness of its 5G ORAN radios and its emergence as a frontrunner in the global ORAN 5G marketplace [3][4] - The back-to-back agreements are seen as a significant turning point for the company, aligning with its strategy to expand in the next-generation 5G ORAN telecom landscape [3][4] - AmpliTech anticipates continued momentum in the 5G ORAN sector through collaborations with Tier 1 telecom partners, highlighting the confidence these companies have in its manufacturing capabilities [3][4] Group 2 - The CEO of AmpliTech expressed enthusiasm about the recent achievements, indicating that they lay the foundation for transformative growth and strategic validation of its 5G ORAN technology [4] - The COO emphasized that these developments mark a defining moment for the company, energizing the team about future opportunities in the telecom industry [4] - AmpliTech Group is recognized as a leading designer, developer, and manufacturer of advanced signal processing components for various communication networks, including 5G and satellite communications [6]

Core Insights - AmpliTech Group, Inc. reaffirms its commitment to American manufacturing, producing nearly all products domestically, which helps it remain insulated from global tariffs and trade disputes, positioning the company favorably in expanding markets [1][3] Company Overview - AmpliTech operates from Hauppauge Innovation Park in Long Island, NY, leveraging a robust network of innovation and skilled labor, making it the only U.S.-based manufacturer of specialized technologies such as Lowest Noise Figure Block Downconverters (LNBs) [2][4] - The company designs, develops, manufactures, and distributes advanced radio frequency (RF) microwave components for various markets, including satellite communications, telecom, space, defense, and quantum computing [4][6] Market Opportunities - The global satellite ground station market was valued at $53.8 billion in 2024 and is projected to grow at a CAGR of 12.8% from 2025 to 2034, driven by increased demand for satellite-based broadcasting services [2] - The global massive MIMO market was valued at $4.8 billion in 2024 and is anticipated to grow at a CAGR of 37.9% between 2025 and 2034, fueled by the rapid expansion of 5G infrastructure and IoT deployments [5] - The global private 5G network market size was estimated at $2 billion in 2023 and is expected to grow at a CAGR of 54.1% from 2024 to 2030, reflecting increasing demand for secure, high-performance connectivity solutions [5] - The cryogenic low noise amplifier market size was valued at $20.46 billion in 2023 and is projected to reach $42.83 billion by 2031, growing at a CAGR of 11.25%, driven by advancements in quantum computing and space exploration [5]

Core Insights - AmpliTech Group, Inc. emphasizes its commitment to American manufacturing, which helps the company remain insulated from global tariffs and trade disputes, positioning it favorably in expanding markets [2][7]. Industry Overview - The global satellite ground station market was valued at $53.8 billion in 2024, projected to grow at a CAGR of 12.8% from 2025 to 2034, driven by increased demand for satellite-based broadcasting services [3]. - The global massive MIMO market was valued at $4.8 billion in 2024, anticipated to grow at a CAGR of 37.9% between 2025 and 2034, fueled by the rapid expansion of 5G infrastructure and IoT deployments [4]. - The global private 5G network market size was estimated at $2 billion in 2023, expected to grow at a CAGR of 54.1% from 2024 to 2030, reflecting increasing demand for secure, high-performance connectivity solutions [5]. - The cryogenic low noise amplifier market size was valued at $20.46 billion in 2023, projected to reach $42.83 billion by 2031, growing at a CAGR of 11.25%, driven by advancements in quantum computing and space exploration [6]. Company Positioning - AmpliTech operates from Hauppauge Innovation Park, leveraging a robust network of innovation and skilled labor, making it the only U.S.-based manufacturer of specialized technologies such as Lowest Noise Figure Block Downconverters, Commercial Massive MIMO 5G ORAN radios, and Cryogenic Low Noise Amplifiers [3][4][6]. - The company's dedication to U.S. manufacturing supports the domestic economy and ensures agility amidst global market fluctuations, allowing it to meet escalating demand with American-made products [7].

Core Viewpoint - AmpliTech Group, Inc. reported its financial results for FY 2024, highlighting strong liquidity and strategic positioning for future growth, particularly in its 5G division, despite facing challenges in its distribution segment due to market conditions in Asia [2][3]. Financial Performance - Total revenue for FY 2024 was $10.25 million, a decline from FY 2023 [4]. - The company reported a net loss of $11 million, which included a $3.2 million loss from a cryptocurrency fraud incident [4]. - Total current assets amounted to $28.3 million, with current liabilities at $1.5 million, resulting in a working capital of $27 million [4]. - Cash reserves exceeded $19 million, and the company maintained zero debt on its balance sheet [4]. Operational Highlights - AmpliTech secured $21 million in capital to strengthen its balance sheet and execute growth strategies [4]. - Key contracts include a 5-year supplier agreement with Fujitsu for 5G ORAN radio products and a Blanket Order Agreement with a U.S. Fortune 1000 company, with initial orders exceeding $1.8 million [4][5]. - The company completed lab testing of its CAT B ORAN Massive MIMO 64T64R radio, achieving speeds over 1 Gbps, with FCC certification expected soon [5][6]. Strategic Developments - The 5G division is anticipated to become the flagship division for AmpliTech in FY 2025, with ongoing partnerships to enhance market share [5]. - A transformative $78 million Letter of Intent (LOI) was executed, marking the largest single-customer agreement in the company's history, supporting phased deployments through FY 2027 [6][7]. - Recent acquisitions of ORAN-related intellectual property will enable AmpliTech to serve new markets, including a major Canadian Mobile Network Operator [11]. Management Commentary - Management expressed confidence in capitalizing on strategic milestones achieved in FY 2024, with a strong start to FY 2025 marked by over $2.5 million in Q1 bookings and a backlog nearing $5 million [7]. - The company is focused on innovation and value creation, with over $100 million in potential multi-year revenue from current signed agreements [7][8].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-40069 AmpliTech Group, Inc. (Exact name of registrant as specified in its charter) | Nevada | 27-4566352 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Emplo ...

HAUPPAUGE, N.Y., March 31, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ:AMPG, AMPGW)), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, proudly announces the receipt of an initial purchase order valued at nearly $1M, as part of a groundbreaking US$78M LOI agreem ...

HAUPPAUGE, N.Y., March 24, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, announced today the signing of a letter of intent with a contract manufacturer on behalf of its end user, for the purchase of ...